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Nonprofit · EIN 88-1376209

GARRETS PROMISE INC

Tax-exempt · EAST QUOGUE, NY 11942

Financials

$94K$79K2023$28K$12K2024
Revenue Expenses · by fiscal year end
Financials of GARRETS PROMISE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$28,130$11,799$16,331$31,442$0$31,442
December 31, 2023990-EZ$93,697$78,617$15,080$15,111$0$15,111
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$28,130

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$8,672
Other expenses
$3,127

Balance sheet and other

Total assets, start of year
$15,111
Total assets, end of year
$31,442
Total liabilities, end of year
$0
Net assets, end of year
$31,442
Cash, savings and investments
$31,442
Gross receipts
$28,130

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
RACHEL LEDERMANTREASURER0.5$0
JAN LEDERMANPRESIDENT1.5$0
DEBORAH LEDERMANVICE PRESIDENT0.5$0
JULIUS COHENSECRETARY0.25$0
990-EZ for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
RACHEL LEDERMANTREASURER0.5$14,496
JAN LEDERMANPRESIDENT1.5$0
DEBORAH LEDERMANVICE PRESIDENT0.5$0
JULIUS COHENSECRETARY0.25$0

Address and contacts

Address (IRS master file)
1 HARBOR LN, EAST QUOGUE, NY 11942-4402
In care of
% JAN LEDERMAN
Signed the 990-EZ
JAN LEDERMAN, PRESIDENT
Phone
(914) 645-8801
Return prepared by
PKF O'CONNOR DAVIES ADVISORY LLC

Mission

GARRET'S PROMISE (THE ORGANIZATION") IS A PROMISE OF HOPE. A PROMISE TO HELP OTHERS MOVE FORWARD AS THEY PIECE TOGETHER THEIR LIVES FOLLOWING A TRAUMATIC EVENT. A PROMISE TO HELP PEOPLE SUFFERING BECAUSE OF PHYSICAL OR EMOTIONAL CHALLENGES AND TO HELP THEM RECLAIM THEIR AUTHENTICITY.GARRET'S PROMISE WILL INITIALLY PARTNER WITH SPIRIT'S PROMISE, A 501(C)(3) ORGANIZATION FOUNDED IN 2010 BY MARIA STRIANO. SPIRIT'S PROMISE IS DEDICATED TO THE RESCUE OF HORSES AND OTHER ANIMALS FROM ABUSE, SLAUGHTERHOUSES, AND FROM PEOPLE WHO CAN NO LONGER CARE FOR THESE ANIMALS.THROUGH PUBLIC FUNDING AND BY PARTNERING WITH SPIRIT'S PROMISE, GARRET'S PROMISE WILL BE ABLE TO BRING PEOPLE TOGETHER WITH THESE NEGLECTED ANIMALS. THROUGH GROUP THERAPY WITH INDEPENDENT COUNSELORS AS WELL AS ONE ON ONE COUNSELING PEOPLE THAT ARE IN EMOTIONAL TROUBLE ARE ABLE TO MAKE A CONNECTION WITH THESE HIGHLY SENSITIVE AND VULNERABLE HORSES.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • 1) HELPED SPIRITS PROMISE CONSTRUCT THE 70 FT ENCLOSED ROUND PEN TO RECOGNIZE OUR PURPOSE ABOVE. 2) PROVIDED THE FOLLOWING THERAPY PROGRAMS FOR WELL OVER 500 CLIENTS FOR THE FOLLOWING:- GRIEF SUPPORT GROUPS- SPECIAL NEEDS PROGRAMS- PRIVATE COUNSELING- ORPHAN SUPPORT- TRAUMA FOCUSED CARE- ANXIETY & DEPRESSION

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
88-1376209
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$31,442
Income (IRS master file)
$28,130

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024–––IRS
990-EZDecember 2023$93,697$78,617$15,111IRS
990-EZDecember 2022–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about GARRETS PROMISE INC

What is the EIN of GARRETS PROMISE INC?
The employer identification number (EIN) of GARRETS PROMISE INC is 88-1376209.
Is GARRETS PROMISE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to GARRETS PROMISE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GARRETS PROMISE INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of GARRETS PROMISE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GARRETS PROMISE INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of GARRETS PROMISE INC?
The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does GARRETS PROMISE INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $28,130, expenses of $11,799 and total assets of $31,442 at year end.

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